Buying And Selling Gold – Is It A Viable Option

2 Nov

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While the world economy has seen a significant bounce in recent years, there is no denying that buying or selling gold remains to be one of the safer investment options out there. Investors, who want to remain risk-averse, or at least want to stick with lower risk investments, can certainly benefit from the stability and potential of buying and selling gold. In this post, we will examine why gold is a great way to diversify an investment portfolio as well as review some of the options available to investors who want to get started in investing in gold today.

In terms of economic and investment benefits, gold is only rivaled by a few other investment vehicles on market.

  • Gold never really truly loses its value. For centuries, gold is the currency that is used to do business in the ancient world. Today, countries hedge their economies by stockpiling their own gold reserves and this is then used to determine whether or not a country has enough secure assets in place to justify printing money. In the grand scheme of monetary valuation, gold is the “golden standard” by which most other assets are measured against and so it remains an attractive option regardless of the scenario.
  • Gold can easily be purchased such as on a site like Bullion Vault. Many think that purchasing gold is a very difficult venture but this is not so. If you have the money and you are confident in the quality of the gold that you are buying, there are more than a few ways where you can get your hands on gold.
  • As a hedging asset, gold is great because it tends to appreciate further when the global economy weakens but tends to remain stable when the global economy is doing well. In other words, its value remains high regardless of the state of the global economy.

There are also many forms of gold assets that are perfect for an investor regardless of budget or investment strategy. There are small gold coins like the American Gold Eagle, the British Sovereign, or the Australian Kangaroo. Bigger gold purchases can be done in 1-ounce or 10-ounce bullion bars. Gold is available in practically any size for any investor on any budget.

So take some time to assess whether you can jump into buying and selling gold to widen your portfolio’s potential. It is certainly a venture that you can benefit from in the right circumstances as long as you do your part to make sure you assess how you can use gold investing into your advantage. The market is wide open for another savvy investor like you.

94 Responses to “Buying And Selling Gold – Is It A Viable Option”

  1. Claretta February 6, 2013 at 11:53 pm #

    you have just been hired as a financial adviser by a gold mining company. In order to guarantee its revenue for the current year,the company has sold call option on gold worth 150% of its annual production. These call options have average strike price of 5% above the current market price and mature in
    the next year. There is a rumor that a central major bank will soon announce a halt in sales of gold, what do you advise your client and why?

  2. Renato February 8, 2013 at 11:21 am #

    The alternatives would seem to be trying to fix a broken system, that is on fire, and totally dysfunctional, and utterly unable to receive any information from outside it’s broken self.


    We can just do nothing and slide down the drain as the whole US economy and all US power in the world slides down the drain, so at least we didn’t waste any effort trying to do anything to save ourselves ..


    We could start building personal networks of Co-Op based economics.

    There are 1000 kinds of Co-Ops (food, clothing, toys, books, tools, fuel, vitamins, whatever).

    A sovereign individual who is in some way productive could join one or several co-operatives and make it a policy “I never buy anything from anybody that doesn’t buy anything from me.”

    These would all be considered restraints of trade, under the Sheman Act, the Clayton Act, the Robinson Patman Act etc, but with the government collapsing under its own weight and into it own corruption and filth, it is very unlikely that they will send a team of DOJ lawyers to your house to monitor and convict you of the crime of economic survival. Remember you have a right to a jury trial. The other folks on the jury might be doing the same thing or getting ready to.

    So, the sovereign individual, by necessity, operates maybe not so much in accordance with each and every rule that was popular in 1940. Necessity is often a legal excuse, and sometimes even a justification.

    Trading communes could link up, so many specialized communes can trade through hubs. This is on a members only basis. Membership is protected by freedom of association guarantees in the First Amendment, that’s why some country clubs still get to pick and choose their members. Trading communes are like clubs not like public markets. They are more like intra-nets or LANs than they are like the Internet.

    To stay viable they need two things — They need legacies — fairly large ones — help defray their very frugal but unavoidable administrative and legal expenses. There are tons of rich people in USA. Some believe in the sovereign inidividual concept. They want to see more of it, instead of a sluide into socialism and finally into anarchy. So legacies are a possibility. If PBS and NPR can get them, why not Economic Self-Reliance Communes?

    The other thing that’s needed is exports. But not exports to China. Just to outside the Commune. Stuff has to be created within the commune and sold to outsiders for gold, or cash that is immediately converted into gold. This is called Merchantilism — and it was the entire basis of the economic success of USA during the period 1787 till 1887. It does work. And the exporting is easy — just take the stuff down the block, sell it at a farmer’s market, sell it on Ebay, or Craig’s list. It’s exporting because it is merchantilist trading with an outside economic actor.

    Hard cash is needed even by sovereign individuals because they can’t make their own patent pharmaceuticals. They have to trade with the world for that. They can’t do their own surgical operations. They can’t build their own computer chips. So, for some things there has to be disposable hard cash. That means the Commune must have a source — Legacies and Exports.

    Three basic choices (1) fix an unfiaxable system (2) passively go down the drain with it or (3) unplug from it and start an alternative economics — a new reality, when the old one won’t do.

    In management this third option would be an example of the Blue Ocean Strategy, first made popular by the Boston Consulting Group.

    It’s for smart people.

    So thank goodness for the First Amendment — not every highway has to be a public highway.

    Networks of Trading Communes linked together by quality control, well designed goods, and free flow of information — everybody in the system gives good weight — liike Bob Dylan said — when you live outside the law you MUST be honest.

    This does not bring down capitalism. It does not bring down socialism. It bypasses both with harm to neither. It’s inherently convivial — live and let live. Exercise your liberty or you don’t merit its continuance!

  3. Delfina February 10, 2013 at 1:15 pm #

    “The connection between the bursting of the housing bubble and the fragility of the financial system has created huge dangers, for the US and the rest of the world” – Martin Wolf, February 19 2008, The Financial Times Limited.
    > What are your theories concerning this issue?

  4. Rodney February 14, 2013 at 1:27 am #

    Why is America in Such an Ugly Mood Right Now?
    I want your answers, not just things on my list of possibilities, but here are some possible things:

    1. Because the country is mostly composed of middle class people, and all the politicians in both major parties seem to have abandoned the middle class. The left gets their money and support from the NYC Bankers. The right, from Big Oil. Neither party needs the middle class as long as money buys TV time, and TV time converts into votes.

    2. Because people are afraid of losing their homes and their healthcare. Money is harder to come by than it was two years ago. So the mortgage is harder to meet. The banks will make absolutely no adjustment. They just want you out so they can sell the house or keep it on their books as an asset. Obamacare can be repealed, but not while Obama is President — he would just veto any bill that repealed Obamacare — Doh! So, people are facing about 2.25 years of uncertainty. Obamacare if it happens will be a nightmare. Most folks know that. Everything will be rationed. You will think you are in the USSR.

    3. No major problem has been solved. Pick a major problem — any problem — has it been solved — yes or no? No, right? We still have two wars. We still depend on foreign oil. We still don’t have a balanced budget. The climate seems to be getting warmer and stormier. Education is the pits. We are getting dumber and less capable as a people. There are no honest politicians, and the lies they tell are ever bigger whoppers (thanks Citizens United and thanks US Supreme Court).

    We seem to be in a truly ugly mood. Last time I saw it like this was around 1978 — two years into the Carter Presidency. Gold was up, oil was up, people felt filled with rage, and ready to make the ground shake.

    But I already know my own ideas — my experiment here is to see if anybody out there (out of 310 million people) has any ideas whatsoever. You have a head, right? Is there something in it? Is it straw, or is there an idea in there? Does the idea relate to my question. Would it make your head hurt too much to type it up and send it to me? Do you need an aspirin first?

    Answers that are actually responsive to my question will get extra credit. That means you actually read the question, and thought about the content of your answer. This is like a pop quiz. It’s a POP QUIZ, so don’t study for it — if you study I’ll know!

  5. Dwain February 14, 2013 at 5:50 am #

    It has done more harm than benefits. Don’t you think it should be stopped in stocks and well as commodities ? It will save many getting bankrupt. What are your views ?
    Edit – I do not know to what extent financial investment institutes really use futures as hedging tool and how many small farmers get benefited because they can sell their commodities in market directly.

    One thing I know for sure. It instigates gambling tendency in common man in which even if you do not have money to buy stocks you can play on “margins”. As Warren buffet has said Futures is sure shot way for bankruptcy.

    It is gift of American financial wizards to world. I hope they take lead to stop it.

    The recent downfall in silver prices is classic examples of market manipulation in futures.

  6. Leda March 6, 2013 at 5:03 pm #

    Im a 31 yr. old man, i used to purchase gold to resell for profit in the past. I also found myself keeping some for personal wearing, I have been wanting to liquidate all my gold on ebay but I also have not able to get the value I have desired. I have been keeping an eye on our economy and the spike in gold prices as of late. I would like to know, is better to sit on my gold and hope it continues to gain value, or should I accept the small cash gain and have more cash on hand. What is the better bet cash on hand or gold for collateral and the hope that gold value continues to rise.

  7. Filiberto March 7, 2013 at 10:54 am #

    Can u even break a watch by just droping it on the carpet

  8. Hershel March 13, 2013 at 9:26 pm #

    Hi, thanks for reading.

    I often heard from various sources that buying gold is a good as it ll rise during an economic crisis because demand for commodities will increase during the period of time. Also its kinda like inverse US currency, i.e. US currency value increases, gold prices drops and vice versa.

    However, i have also come to think that because gold prices are pegged to US currency, the value of gold will forever stays the same?

    I ll illustrate an example.

    lets say US$1 = MYR 3.20
    if US$ devalues to US$1 = MYR 1.60
    then gold prices will double, lets say from US$ 1300 per once to US$ 2600.
    It seems that my gold value has doubled up, but in fact it the value is still same if we were to compare to MYR.

    Am i right to say that?

    the examples are strictly for illustration purposes only and there is no intention to predict or convince the future of the Dollar and Commodities

  9. Barbra March 25, 2013 at 5:31 pm #

    Hello, I am just wondering how I can get alot of gold (5000) for epic flying mount lessons. I am 4 levels away from hitting level 70, and I only have 600 Gold! Can someone please tell me How i can get that much money!!!!?? Thanks.

    P.S: If anyones interested, my ch. name is Shortndeadly on the Gnomeregan realm.

  10. Jimmy March 27, 2013 at 7:08 am #

    How do I sell my American Eagle one ounce gold coins?

    I have 10 of them and want to sell them. I bought them for $680 and the guy I bought them from charged me $30 per gold coin.

    I could probably sell it back to him with same “margin” of about $30.

    Is this a good “deal”?

  11. Augustine March 28, 2013 at 7:02 am #

    I’m going to be wearing a navy blue sundress from American Eagle with gold bangles, earrings, a necklace, and gold gladiator sandals. What color/style purse do recommend? I don’t want a gold one because it will match too much but what do you think? I’m a 14 year old girl if that helps 🙂

  12. Terese March 30, 2013 at 2:22 am #

    2010 coins for others are already available. Is there a possibility that there wont be any 2010 coin, it seems like the U.S mint is out of resources.

  13. Jackqueline April 2, 2013 at 12:37 pm #

    It has a gold eagle on it and gold trim.

  14. Connie April 3, 2013 at 12:24 pm #

    I got one of thoose gold 1910 native american 10$ coins, with the eagle on back, how much is it worth today?

  15. Zita April 4, 2013 at 12:49 pm #

    Most web sites that track American Eagle prices give the selling price. To keep track of my investment I need to know the buying price. The price I could get if the coins were sold. Is there a site that gives updated daily prices for both buy and sell?
    I will probably just stay with the bid/ask price of gold and silver and not worry about the coin premium.

  16. Vida April 6, 2013 at 10:32 am #

    Same as the title. Thanks

  17. Leroy April 10, 2013 at 4:06 am #

    I have five 2008 one ounce American Eagle gold coins that I want to sell to a reputable dealer.

    How do I do this?

    Is it safe?

  18. Delia April 10, 2013 at 7:40 pm #

    Have inherited American Gold and Silver eagle coins- are these valued strictly at price per troy ounce or is there also a premium ? What is the best way to sell these ?

  19. Chester April 11, 2013 at 11:03 pm #

    Where is the best place to buy new gold coins such as american golden eagles, krugerands and pandas? Which coins are the better investment?

  20. Neil April 12, 2013 at 10:57 pm #

    I have been told this pair sold our australian gold reserves at the very bottom of the market . If this is true , when and at what price per ounce ? thanks if you can help or link.

  21. Shasta April 13, 2013 at 1:23 am #

    Last I saw the US owns aprox 370 billion dollars in gold reserves. The closest country to that is Germany at 170 billion and China only has less then 60 billion. Rather then borrowing money from countries like China why sit on all this gold when we don’t have to? Please explain.

  22. Karin April 13, 2013 at 4:08 am #

    A lot of tories harp on about this as though it’s a big deal, his clumsy sale of the gold reserves was a drop in the ocean compared to the waste of trillions of pounds of North Sea Oil revenues that Thatcher lost the country due to having to use it to pay unemployment benefits to the three and a half million people she threw onto the scrap heap.

  23. Kiyoko April 13, 2013 at 11:59 am #

    You can’t say anything negative about Hank Paulson on ANY youtube video. His WallStreet buddies must have it on complete lock down.

    This shit is getting scary people. Please pay attention to what is happening to the U.S. gold reserves.

  24. Alejandra April 15, 2013 at 5:24 am #

    Don’t forget that he sold our gold reserves for £ 210.00 per oz, destroying Britain’s financial Independence and security for the Bank of England Pound which is now paper based and has no real security.
    It will be interesting to see how much personal wealth it will mean to the Gorden Brown Elite investment consortium when the Euro is worth about twenty £’s?

  25. Matha April 15, 2013 at 7:41 am #

    He sold 400 tonne of Gold between 1999 and 2002. The price of gold is currently $1155/ounce. How much has that cost the UK?

  26. Donovan April 15, 2013 at 9:47 am #

    we dont use gold and silver coins anymore and our national wealth isnt based on gold reserves…when did curreny stop baseing its value on the material it was composed of?

  27. Sherlyn April 15, 2013 at 3:38 pm #

    Or has it been wiped out by the markets drastic decline?
    With the Dow Industrial, for one example, dropping from near 14000 to 8000 haven’t most investors been wiped out to the point of no return? It is going to take more than just the top few with sufficient gold reserves to create an interest isn’t it?

    Who, what individuals, have all the cash to do this?

    Any sources of reference will be greatly appreciated.

  28. Kiyoko April 15, 2013 at 11:12 pm #

    All I remember is the ending when the bad guy wakes up and he’s surrounded with mountains of gold and the camera continuously zooms out and it shows a hug cement building almost like a pyramid and it’s surrounded by guards and it’s in the middle of forest in Kentucky on something and apparently it’s the nation’s largest gold reserve. I think it’s a movie about a robbery, but I’m not quite sure…..HELP!

  29. Edmund April 15, 2013 at 11:12 pm #

    Its just that UK plc owes Libyia a lot of money and I suspect that regime change is more about using Libya’s vast currency and gold reserves to prop up the Euro and the Dollar
    Their oil is some of the cleanest sulphur free oil in the world and requires less processing and it has a premium price because of the plastics/drug industry use.ALSO
    about 4 years ago the Labour goverment got them to buy alot of uk goverment bonds.

  30. Carolee April 16, 2013 at 8:19 am #

    A country cannot just print notes, it must be backed by gold reserves. Why? Who knows what gold reserves a country has?

  31. Georgina April 16, 2013 at 5:43 pm #

    Could you please list the top ten gold reserve cetres,with their assets?

  32. Danilo April 16, 2013 at 5:53 pm #

    the government would only be able to issue currency according to the value of gold it has in its Treasury. Just enough money to match the gold, no more. So what do we do with all the extra money floating around? Confiscate it? It would be worthless. Automatic depression as the economy shrinks as the money loses it’s value. People’s savings wiped out. Not until the money supply balances with the gold reserves would the currency have value again.

    Voodoo economics?
    I’m scared!

  33. Estefana April 18, 2013 at 12:33 am #

    Have you sold your gold reserves?

    >>> polite version 1.2 – previous version too rude for saintly Beck fans <<<

  34. Keena April 19, 2013 at 5:57 am #

    Gordon Brown and his political allies keep telling us that he was the best Chancellor of the Exchequer that Britain has ever had.
    How can they say that, when Mr Brown was responsible for selling much of the country’s gold?
    Britain is in a catastrophic financial crisis – and those gold reserves would have been a great asset to us. They would have been worth their weight in, er, GOLD!!

  35. Lane April 19, 2013 at 11:15 am #

    Like the UK has gold reserves. It is probably a stupid question to ask but I can’t find it anywhere on the internet.

  36. Kerrie April 19, 2013 at 11:15 am #

    Gordon Brown and the Labour party used to accuse the Conservative Government of ‘selling the family silver’ when privatisation measures were introduced. They then enthusiastically started privatisations themselves and rather ironically sold a large part of British gold reserves for rock bottom prices. Now that gold prices are so much higher – don’t they look a bit stupid and shortsighted?

  37. Isaias April 19, 2013 at 8:21 pm #

    I ask this because BROWN and his merry simpletons, have done both. BROWN sold all our gold reserves and the other half wit threw money at a worthless bank. Perhaps you’d like to add to their list of shame.
    brainlad… You’ll do for me.

  38. Dorene April 19, 2013 at 8:21 pm #

    I know I may seem like I have no clue and well, I don’t. But why cant the rest of the nations in the Eurozone simply take all the euros away from Greece, since they cheated, and kick them out. And slowly begin restoring the ways of the old currencies? Why must the debt Greece has be paid? Surely they have a gold reserve or something of value to pay with. And if it cannot be paid we are being told that default is imminent, is this true?

  39. Man April 20, 2013 at 5:47 am #

    I thought the obvious answer would be based on how much a country has got to export, but i heard its something to do with its gold reserves, so what if a country has no gold ?

    I need a link and a brief explanation..

  40. Rodney April 20, 2013 at 8:01 am #

    Gold Bugs talk about price of gold going up to $1000 to $2000 per ounce in the coming years due to rapid inflation and economic hardship. What would happen if European/Asian central banks unloaded some of their gold reserves if a global depression befalls us?

    Would this keep the price of gold around $500 to $1000 per ounce or would it bring it lower or higher?

    Thank you ~ Jeff

  41. Heath April 21, 2013 at 3:19 pm #

    They fleece us dry, and use the money to prop up their pals, who take our homes away.
    They have taken away our rights and laws of protection.
    They lie to us about “British jobs for British people”.
    Sell off our gold reserves for peanuts.
    Cheat the taxpayer with their expenses claims and go unpunished.
    Orchestrate the police against us.
    Support foreign industry and let ours rot.

    These are the people who got into power promising our welfare and interests would be looked after and they are destroying our great nation
    as if they where the Luftwaffe.

  42. Voncile April 21, 2013 at 9:18 pm #

    Why do country’s banks hold foreign money and gold reserves? regards

  43. Princess April 23, 2013 at 6:19 am #

    I have heard alot of people say to start getting gold and silver together because of the debts. How do you start collecting it? Is it worth to?

  44. Emma April 23, 2013 at 8:38 am #

    say if the PM wants to buy 5MIG’s from France, does he just approach the RBI who print say 5 crores and give it to him to pay Sarkozy for the same . Who decides how much money should be in circulation .How is the money backed? is it by gold reserves? where are the reserves held ? surely not in Fort Knox.

  45. Rayford April 24, 2013 at 12:25 am #

    Federal reserves anyone?

  46. Roy April 24, 2013 at 12:25 am #

    Or perhaps, what advantage has the use of gold coin currency over paper money? Won’t it be better that the value be “right there” instead of “over there” (Kentucky Gold Reserve)?
    Thor: you’re right, it seems not to be practical at all… But I still don’t understand!!! I get paid with direct deposit (electronically), I pay online (electronically)… It seems that currency is turning a matter of “digital information”. It’s confusing Thor…

  47. Porfirio April 24, 2013 at 12:30 am #

    who determines the currency value (e.g. gold reserves in the country etc.,) of a country? i want to know whos job is it, and what theyre job is called, what they studied to be able to exactly count those digits in an instant.
    ok, thats good info, but my real question isnt who controls the value, but who is in charge or determining day by day, the difference in change of the value of a currency and how exactly this is acomplished.

  48. Sabina April 24, 2013 at 2:08 am #

    I want know the effect of a gold reserve on one country’s currency. For example, presently 1 US Dollar is equivalent to 0.8116 Euro, is gold reseve has any thing to do with this currency exchange or there are other factors that deternine the currency?

  49. Victor April 24, 2013 at 7:49 pm #

    Once upon a time the dollar used to be backed by the federal gold reserve. It has been decoupled since the 70s. So what the problems of the government printing more money? If this leads to the dilution of the dollar, it is dilution against what? Since the dollar is not backed by gold anymore.

    And how does printing more money lead to inflation?

  50. Melodi April 25, 2013 at 7:09 am #

    Which tickets are the best to buy for the Taylor Swift Concert? Gold Floor Standing or Gold Reserved? I dont really want to be standing for 2 hours.. so would the gold reserved be close but with seats?

  51. Jay April 25, 2013 at 8:05 am #

    I heard it has a ton of gold but it will have to deplete some day.

  52. Sheron April 25, 2013 at 8:09 pm #

    I want to understand what is a Gold reserves in any country?

  53. Christian April 25, 2013 at 8:09 pm #

    Back when the US dollar was “good as gold” the dollar was fixed to $35 to a troy ounce. If we were to issue new dollars that were agains “good as gold” wouldn’t we be issuing a currency where 1 new US gold dollar would be equal to over 50 old US fiat dollars?
    And what would happen if our dollar deflated 50 times over upon issuing this new currency?

  54. Oswaldo April 25, 2013 at 10:03 pm #

    Gold reserves of countries are stored in banks. Only a meager amount is worn by people as jewelery. Does accumulation of gold define a country’s economic status….if yes…then how?

  55. Kit April 26, 2013 at 2:41 am #

    When the quantity of dollars held by foreign governments began to exceed U.S. gold holdings
    by large amounts, the system of backing paper currency with gold reserves started to falter. In 1971 the United States suspended gold payments of U.S. dollars. Since then the United States has had a fully managed currency system, one with no metallic base whatsoever. Historically, the nation has gone from a wholly metallic system, when coins were the primary money in circulation, to a managed system, in which, aside from the currency in people’s pockets, most of the money consists of entries in the books of banks. In the continuing evolution, as more money is exchanged and transferred electronically, the U.S. money supply will increasingly be represented by entries in computer data banks.

    What happens if IMF switches back to gold standard? What are other possibilities for settlement of international debts besides bankruptcy.

  56. Sal April 26, 2013 at 7:40 pm #

    I keep hearing about how when Gordon Brown was Chancellor, he sold 60% of the gold reserves when they were at an unusually low price, thereby losing the government billions of pounds when the price rose again. I don’t understand why he would have done this. What’s the other side of the story? Isn’t he an economist. Why might it be a good idea to do this? I know very little about economics.

  57. Everett April 26, 2013 at 8:39 pm #

    does anybody know why the australian gov sold most of the gold reserves in 1997. 167 ton to be exact. it crashed the stock market wiping off billions of dollars in value. the australian dollar fell from 81 cence to 55 cence in a short period

  58. Allan April 27, 2013 at 8:12 pm #

    In today’s world, would it not be better for them to each hold their own gold reserves? Countries such as Germany are supposedly being denied access to the gold they entrusted in the US years ago. I could understand that years ago, if a country perhaps had poor defences, it may want to keep gold in a more secure place. But Germany? Seriously?
    I realise I have perhaps moved away from my initial question with the whole Germany thing… but I would still like to know the reason for having gold reserves on foreign soil!

  59. Elliott April 28, 2013 at 7:55 am #

    such as the pure wastage of money in iraq and the selling of of gold reserves.and should gordon brown be held responsible.

  60. Wilber April 28, 2013 at 10:35 am #

    If there aren’t any more, when was the last time gold reserves were used as such?

  61. Dawn April 28, 2013 at 2:13 pm #

    The price of gold is at an all time high, while the value of the dollar is plummeting, causing horrible repercussions for the US economy. From estimates I’ve heard the US gold reserve has at least $150 billion in gold. Why doesn’t it put part of that (say $50 billion) on the market to simultaneously lower gold prices and raise the value of the dollar? I’m certainly not an economist and just wondering out loud, but it seems to make sense.

  62. Glen April 28, 2013 at 2:13 pm #

    The media portrays advocates of the gold standard as some sort of primitive weirdos but they continue to hold gold in reserve even though the paper money is no longer linked to it.

  63. Elouise April 30, 2013 at 7:07 am #

    We cant list them all, that would take too long. But out of all their mind numbingly stupid decisions, what do you personally rate as their worst?

    eg. Gordon selling our gold reserves at virtually the lowest price they had ever reachedand just before prices went through the roof.

  64. Tad May 2, 2013 at 6:17 am #

    What do you think about the military of Sudan and how can it be improved (please no ignorant answers, do your research before answering)

    Some current stats:

    *Manpower of 19 million (11.5 million fit)
    *Military expenditure: 4 billion
    *Gold reserve (GDP): 90 billion

  65. Edmundo May 2, 2013 at 6:17 am #

    Say for instance we developed fusion rockets or antimatter rockets the could get to near earth asteroids quickly. Thereby driving the cost of material acquirement and transportation down tremendously. What will happen to people who own large amounts of gold or other precious metals now? Odviously the price of these materials would plummet. Would investing in one of these atroud kinking companies replace gold reserve?

  66. Dana May 2, 2013 at 6:17 am #

    What is the difference between a company’s gold “reserves” and gold “resources”?

    Thank you.

  67. Lue May 2, 2013 at 11:22 pm #

    I have money in Microsoft corp, Applied Energetics Inc, Gold Reserves Inc, Airspan Networks Inc and General Steel Holdings Inc. Will these companies do good in the future? Etc?

  68. Chun May 4, 2013 at 3:02 am #

    1. Took the country into war in Afghanistan
    2. Took the country into war in Iraq
    3. Sold much of the countries gold reserves
    4. Reduced the ability of our pension schemes to grow.
    5. Did not properly legislate the banks behaviour
    6. Cash for questions allegations
    7. Politicians expenses
    8. Excessive Immigration
    9. Breakdown of the traditional family unit
    10.Giving the country Gordon Brown without the people having a say in it.
    11. Did not control spending

  69. Michel May 4, 2013 at 6:40 am #

    I read that by adopting the gold standard, the government would have to pursue tight monetary and fiscal policies. Why would this be needed? I understand that they only have a certain amount of gold reserves and so cannot simply keep creating money. Is it because an increase in output would cause more money to flow into the economy, causing inflation – so the only way to tackle it is to increase interest rates and cut spending (price specie flow mechanism)? If this is the right answer, then why does this not happen when a country is NOT on a gold standard?

  70. Gene May 4, 2013 at 1:38 pm #

    How to get Ministerial consent to prospect for gold on Timber reserves in Australia . The question is simple enough does anyone know the answer. Basically I need to gain legal access to prospect for gOld in so timber reserves in western Australia . Um thats about it thankyou….

  71. Chauncey May 5, 2013 at 2:50 am #

    Contrary to popular belief; the USSR did not support the Republican government;it preyed off of it. Able to buy arms no where else; the USSR sold junk antique weapons to the Republican military in exchange for gold upfront. In fact; Spain’s entire gold reserves had to be held in Moscow as collateral.
    Meanwhile Italy and Germany gave money, arms, equipment and even troops and airmen to assist in the fight.
    Why did the free world stand aside and let the USSR fleece the Republican government, then let Germany and Italy overthrow it?

  72. Melodi May 6, 2013 at 9:20 am #

    Say for example in the film Die Hard with a vengeance where the antagonist of the film succeeded in drilling a hole at the Gold Bullion Depository beneath the Federal Reserve Bank of New York which holds Gold Reserves of countries in trust. What would happen if this were in real life and someone succeeds stealing Gold reserves of countries or a country. How would it affect the country’s economy?

  73. Victor May 6, 2013 at 9:20 am #

    Someone once told me it back in the Seventies it used to be linked to gold (reserves?). If all other currencies are valued against the dollar, and the dollar is not linked to the gold reserves, … what determines the value of the American Dollar?

  74. Lane May 6, 2013 at 9:20 am #

    The US has the largest stockpile of gold reserves in the world (8000+ tonnes). Is it possible for the US to sell off all its gold in order to pay its national debt, causing a fall or crash in gold prices?

  75. Martin May 6, 2013 at 9:20 am #

    Considering the US came off the gold standard in 1972, how many ounces of gold were in reserves at that point in time? If the currency circulation was $1 trillion dollars that means there would have been $1 trillion worth of gold at roughly $100 per ounce.

  76. Norbert May 7, 2013 at 7:46 am #

    I wouldn’t worry about their manipulation of gold and silver. If they keep messing with it they are going to shut down most of the miners. Which in turn will drive prices higher since their won’t be anymore gold and silver coming into the market. Only when the price is high enough will the miners get back to work. What I would like to be is a fly on the wall so that I could hear Obama and Bernanke tell the next president about what happened to our gold reserves. You can’t just lower prices and not expect people to go out there and buy gold and silver.

    Anyway Arizona is now moving to accept both a gold and silver as currency. Hopefully more states will follow suit.

    Jan Brewer for President.
    What would make me bearish on gold, what would make me want to sell gold?

    Read more:

  77. Daphine May 12, 2013 at 3:59 am #

    Because I never see them in circulation. What do banks do with deposits they get of 2 dollar bills, even tho probably not much they must get some. Do they just send to fed and then worn out are destroyed or replaced with 2 one dollsr bills? Or are they stored in vaults of NY fed bank under ground manhattan where all that gold reserves is

  78. Ernesto May 12, 2013 at 3:59 am #

    After WWI the major industrial countries decided to repeg their currencies to pre-war gold standard levels. However when the Great Depression hit, governments wanted to be able to increase money supply in order to stimulate their economies. I’ve read that, because of the binding constraint of the gold standard, they were unable to increase money supply through open market operations because doing so would cause a foreign exchange crisis.

    What exactly is the mechanism behind this? Is it that: if a country increases its money supply through open market operations, the price level will rise. As the price level rises, exports from the country become less competitive, so it begins to import more and export less. This causes gold reserves to flow from the country to more competitive countries. This could cause a crisis if insufficient gold reserves are available for the CB to ensure convertability. Therefore, if the country wants to stay pegged to the gold standard, it must pursue policies which won’t lead to inflation.

    Is this correct?
    Please only answer if you understand what the gold standard is.

  79. Avelina May 15, 2013 at 6:19 am #

    U.S. dollar has officially been devalued several times since the Gold Reserve Act. During the 1970s the value of the dollar dropped sharply against more stable currencies, while the price of gold climbed.

    The U.S. economic recovery of the early 1980s reversed this pattern. By 1986, however, attempts were made to lower the enormous U.S. trade deficit by reducing the value of the dollar against other currencies.


  80. Pamala May 15, 2013 at 6:19 am #

    I would like to serve my country and also continue my education. I had thought about the air force but the recruiter I had talked to wanted me to lie on the medical form and I refused to do it. I would like to continue my education as well. Pretty much when it all comes down to it I would like to know what life is like in the reserves and etc. Thanks.

  81. Marcelino May 15, 2013 at 6:19 am #

    Say I want to invest 10% of my gross earnings annually in Gold.

    What is the best most viable form to invest in? Example: Coins?

  82. Ernest May 15, 2013 at 6:19 am #

    The gold standard limits spending to money created by production. Politicians wouldn’t be voluntarily fiscally responsible, they would be forced
    I think many people are scared of challenging it – that is the problem though. With enough of the population behind this, it would happen.

  83. Willard June 20, 2013 at 8:35 pm #

    to other currency’s? Is it supply and demand like with goods or is it based on gold reserves or? It’s just for my own interest, I would like to know how I would find the value of my own currency.

  84. Joel July 3, 2013 at 1:36 pm #

    Does our economy really has the amount of currency in circulation in sync with that injected by the RBI? Secondly , is there any limit restricting RBI from injecting the cash in the economy? I have somewhere heard that under normal circumstances RBI only circulates currency in relation to the Gold reserves it holds.
    Plz clarify.

  85. Mark July 19, 2013 at 6:52 pm #

    First of all, sorry for the long description 🙂

    I really want an alienware m14x or an alienware 14 but my dad says he will only pay $500 and i need to pay the rest, but i only have lik $400 and both laptops cost more than that and i don’t wanna buy any used. If u can answer with TRUSTABLE websites that sell NEW alienwares at a cheap cost, i would love it!
    Anyways, let’s get back to the question. What are gaming laptops that cost around $800 or $900 that real gamers use? I want it to give me like 70 or more fps in minecraft with all the settings at fancy and far and it can accept hd texture packs and shaders as well. And i want it to run any games like resident evil or call f duty well. NO LAG!!!

  86. Tiara July 22, 2013 at 1:30 am #

    Since forever, I have been boggled with the query that on what factors exactly does the foreign exchange rate work on. Is it the amount of gold reserves, GDP, import or export ? Please try to explain it to me as a layman. I really want to know about this.


  87. Melodi July 26, 2013 at 1:59 pm #

    As far as I understand, the value of precious metals and stones is largely due to their rarity on earth, but asteroids could be full of them… There are companies who are planning to mine these asteroids, but what would happen if they did find a huge amount of gold (for example)? All of the world’s gold would fit into a 20.7m³ box, so if asteroid mining brought in another 20.7m³ of gold, would that mean that gold would be half as valuable? What would that mean for countries with large gold reserves in their central banks?

  88. Maud August 1, 2013 at 4:41 pm #

    I remember reading something that at one point in history, the US dollar had a line printed on it to indicate the amount of gold in reserve that backed that dollar. Is that true? I can’t find any information about it now, and I don’t know where I read it. All the information I can find is about whether the current dollar is backed by gold at all, or historical information about inflation.

  89. Salena August 8, 2013 at 7:01 pm #

    they are 3rd in the world in gold production, producing about 24 times more gold every year than they have in reserve.
    they have about 1000 times less gold reserves than the next g8 country.
    in 1980 Canada has 21 million ounces of gold in reserves
    last year they had 100 thousand ounces.

  90. Dwana August 10, 2013 at 8:18 am #

    China has swapped US Treasury bills for gold recently. It has gold reserves more than the US,or more than 8,113 tonnes.

  91. Keena September 4, 2013 at 9:37 am #

    i m in serious jeopardy!
    what wld happen if someone say Bruce Willis in Die Hard, having gone mad, steals al the gold reserves frm the RBI (Central Bank of India) and distributes it in the Indian market? As Indians already hav a unique binding to Gold, will the prices of Gold fall?..Wat abt the economy?

  92. Waylon September 14, 2013 at 11:30 am #

    Russia has long made money off of ripping off desperate governments by providing them with needed yet inadequate weapons systems at exorbitant rates. Its been screwing Iran in the bum for years and during the Spanish Civil War famously screwed Republican Spain out of its entire gold reserve in exchange for non-working 19th century weapons.
    So how bad is Syria being taken to the cleaners?

  93. Bobby September 15, 2013 at 2:36 am #

    A huge gold reserve has been discovered on a Cornwall gold mine and half the profits will go to to the Queen and the rest to the Duchy of Cornwall. Since its been predicted commercial quantities of gold will be found should the Duchy of Cornwall pay corporations tax? Did the British royal family give it to the Duchy as a way to avoid paying tax and make more money for themselves?

  94. Norbert September 23, 2013 at 4:14 am #

    In return for allowing Russia to continue sucking the last wealth out of the Syrian regime?
    BONUS: Russia excels at this. Research the Spanish Civil War and how Russia screwed Republican Spain out of all of its gold reserves in exchange for crappy old Russian weapons.

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